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Mutual Funds buy shares worth Rs 3,300 crore in June

Mutual Funds buy shares worth Rs 3,300 crore in JuneNew Delhi - Improved market sentiments helped mutual funds pick up shares to the tune of over Rs 3,300 crore in June, making it the second consecutive monthly inflow.

Besides, they pumped in a staggering Rs 68,000 crore in the debt market during the period. The inflows in equities during June followed a net investment of about Rs 105 crore in the preceding month.

Prior to that, fund houses have been net sellers in the equity market since September last year, while they were net buyers of shares to the tune of Rs 1,607 crore in August.

Onion sells at Rs 40/kg in NCR on drought fears, fewer supply

Onion sells at Rs 40/kg in NCR on drought fears, fewer supplyNew Delhi: Onion prices in retail markets of the National Capital Region continue in the range of Rs 35-40 per kg due to fears of drought and fewer supplies from key states.

Wholesale traders said there is a substantial fall in supplies from two major producing states -- Maharashtra and Madhya Pradesh.

UK Foreign minister on two-day visit from Monday

UK Foreign minister on two-day visit from MondayNew Delhi: In its first engagement with the new government here, UK's Secretary of State for Foreign Affairs William Hague will embark on a two-day visit to India from Monday to hold talks with top leadership on key areas including trade and defence.

Hague will come along with UK Chancellor of the Exchequer George Osborne and some more senior ministers from British government.

Govt rules out any immediate hike in prices of LPG, kerosene

Govt rules out any immediate hike in prices of LPG, keroseneNew Delhi: Ruling out any immediate hike in prices of LPG and kerosene, Oil Minister Dharmendra Pradhan on Saturday said the new government will continue with the policy of subsidising commonly used cooking fuels.

"There will no increase in LPG and kerosene prices for now. We will continue with the extant pricing policy," he said here.

Besides continuing to subsidise LPG and kerosene, the NDA government will also not disrupt the previous UPA government's policy of up to 50 paise a litre increase in diesel price every month.

All parties agreed to cooperate in parliament: Sumitra Mahajan

All parties agreed to cooperate in parliament: Sumitra MahajanNew Delhi, July 5 : Lok Sabha Speaker Sumitra Mahajan today said that all parties have agreed to cooperate with the government during the upcoming Budget Session.

"The meeting was good and everybody has agreed to cooperate with us. They (members) have said that they want discussions. The government has agreed for discussions, as it wants to take everybody onboard in all decisions," said Mahajan after the all party meet.

TMC demands gas and railways price hike discussions during Budget Session

TMC demands gas and railways price hike discussions during Budget SessionNew Delhi, July 5 : Trinamool Congress Lok Sabha MP, Kalyan Banerjee today assured his party's full co-operation during the upcoming Budget Session of Parliament, but also stressed on the need for a discussion on the recent price hikes in gas and in railways by the Centre.

Government trying to bring all Indians back home safe: V K Singh

V K SinghNew Delhi, July 5, - General Vijay Kumar Singh has stated that Sushma Swaraj and the government are doing all they can to bring back Indians stuck in Iraq.

"The government and our External Affars Minister Sushma Swaraj are doing their work. Media was pointing out that the government is not working properly but it is not true," said Singh.

Indian nurses who were abducted have returned home today after being freed by ISIS militants in Iraq.

Assocham seeks tax incentives, infra status for ports in budget

Assocham seeks tax incentives, infra status for ports in budgetNew Delhi: Industry body Assocham has sought tax incentives, market-linked tariff rates and grant of infrastructure status to the port industry in the upcoming budget for turning India's coastline into a growth catalyst.

The industry chamber batted for reduction in customs duty on import of equipment for port projects; exempting port projects from Minimum Alternate Tax (MAT) and granting infrastructure status to the port industry.

AI sending Boeing 777 plane to bring back nurses from Iraq

AI sending Boeing 777 plane to bring back nurses from IraqNew Delhi: Air India is sending a Boeing 777 aircraft to bring back 46 nurses and other Indians stranded in strife-torn Iraq.

The Boeing 777 (Long Range), with a seating capacity for about 300 passengers, would shortly take off from Delhi's IGI Airport to Erbil in north Iraqi region of Kurdistan and is likely to return to Kochi on its way back, Civil Aviation Ministry officials told.

LG lifts restrictions on supply of power in Delhi

Najeeb JungNew Delhi: Delhi's Lt Governor Najeeb Jung on Friday lifted the restrictions imposed on supply of power in malls, offices and on high mast halogen lights during nights.

With the national capital witnessing long outages following the damage caused to towers and lines due to devastating storm which struck the city on May 30, Jung had issued directives to control the current power problem which included snapping power supply to malls after 10 pm.

The city was also reeling under the blistering heat with the mercury crossing the 45 degrees Celsius mark.

Canadian Minister for Citizenship and Immigration to visit India

Chris-AlexanderNew Delhi, July 4 : Canada's Citizenship and Immigration Minister, Chris Alexander , will be visiting India from July 7 to July 9 July.

While in New Delhi and Mumbai, he will meet with senior government officials, business leaders and entrepreneurs to discuss the strong ties between the two countries and enhance the bilateral relationship.

Minister Alexander will also discuss economic immigration to Canada and highlight Express Entry, a new economic immigration application management system.

Facebook COO Sheryl Sandberg calls on PM

Sheryl-SandbergNew Delhi, July 3 : The Chief Operating Officer of Facebook, Ms. Sheryl Sandberg, called on the Prime Minister, Narendra Modi, today.

She said India is a very important country for Facebook, considering the high number of active Facebook users in India.

An official statement said the Prime Minister discussed with Ms. Sandberg, ways through which a platform such as Facebook can be used for governance and better interaction between the people and governments.

He also talked about how Facebook can be used to bring more tourists to India.

State finance ministers meet Jaitley ahead of budget presentation

Arun-JaitleyNew Delhi, July 3 : Finance ministers of states met Union Finance Minister Arun Jaitley on Thursday to seek clarifications on some issues and to discuss various confidence building measures that may be considered for inclusion in the proposed fiscal 2014-15 budget to be presented on July 10.

Among those present in the meeting were West Bengal Finance Minister Amit Mitra, Jammu and Kashmir Finance Minister Abdul Rahim Rather and Punjab Finance Minister Parminder Singh Dhindsa.

I did 'jasoosi' in my school and college days, says Vidya Balan

Vidya-BalanNew Delhi, July 3 : Vidya Balan has revealed that she did 'jasoosi' in her school and college days.

While promoting her upcoming movie 'Bobby Jasoos' in Gurgaon, she said, "I did lot of 'jasoosi' in my school and college days. If my friend used to like someone or I had a crush on someone, so we used to help each other in taking out the information of that person".

' Bobby Jasoos ' also stars Ali Fazal and is produced by Dia Mirza and Sahil Sangha. (ANI)

Toyota launches 'Etios Xclusive' priced up to Rs 7.10 lakh

Toyota-Etios-XclusiveNew Delhi: Toyota Kirloskar Motor on Thursday launched a special edition of its mid-sized sedan Etios, priced up to Rs 7.10 lakh (ex-showroom, Delhi).

Only 900 units of the 'Etios Xclusive' limited edition, which comes with both petrol and diesel engines, would be on sale, Toyota Kirloskar Motor (TKM) said in a statement.

The petrol variant of the model is priced at Rs 5.98 lakh while the diesel version of the car would retail at Rs 7.10 lakh (ex-showroom Delhi).

Gold price weakens by Rs 82 in futures trade

Gold price weakens by Rs 82 in futures tradeNew Delhi - Gold prices fell by Rs 82 to Rs 27,581 per 10 grams in futures trade Thursday amidst a weak trend overseas and profit-booking by speculators.

At the Multi Commodity Exchange (MCX), gold for delivery in August fell by Rs 82, or 0.30 percent, to Rs 27,581 per 10 grams in a business turnover of 954 lots.

In a similar fashion, the metal for delivery in October shed Rs 83, or 0.30 percent, to Rs 27,680 per 10 grams in 31 lots.

Govt extends validity period of industrial licence to 3 years

Govt extends validity period of industrial licence to 3 yearsNew Delhi: Seeking to improve ease of doing business in India, the government on Wednesday decided to extend the validity period of industrial licence to three years with a provision for further extension of two years.

However, the commerce and industry ministry's press note said that the licence will lapse automatically after five years in absence of commencement of commercial production.

US, European funds buy majority of RCom's over Rs 4,800 cr QIP

US, European funds buy majority of RCom's over Rs 4,800 cr QIPNew Delhi: US and European institutional investors bought a majority of shares in the over Rs 4,800-crore QIP offering by telecom operator Reliance Communications.

"About 84 percent of QIP was picked up by Sovereign Funds and Pension Funds from US and Europe. A large chunk was also picked up by Indian mutual funds," a source said.

After the Qualified Institutional Placement (QIP) share allotment, promoter shareholding in RCom will drop to 60 percent from 67 percent while foreign holding will be 23 percent.

Apollo Tyres to invest $340 mn to upgrade facilities

Apollo-TyresNew Delhi: Apollo Tyres board on Wednesday said its board has approved a proposal to invest USD 340 million (around Rs 2,025 crore) to upgrade its manufacturing facilities at Chennai and Kalamassery (Kerala).

Besides, the company's board which met on Wednesday, also gave its nod to seek shareholders' approval to raise USD 200 million (around Rs 1,191 crore) via issue of securities to pursue organic growth opportunities and for other corporate purposes, Apollo Tyres Ltd said in a statement.

Rajnath Singh reviewed policy planning division of MHA

Rajnath-SinghNew Delhi, July 2 : The functioning of the policy planning division in the Ministry of Home Affairs was reviewed by Union Home Minister Rajnath Singh here today.

Singh was apprised of the security arrangements for VVIPs/VIPs and desired that these security arrangements may be reviewed and suitably strengthened, wherever required.

The Home Minister further directed that the security audit of vital installations, wherever due, may be carried out and additional forces deployed, if found necessary, so as to ensure that adequate security arrangements are in place for such installations.


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